Sec. 5. United States opposition to any action by certain international financial institutions that does not require the recipient government to work to eliminate human trafficking
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The President shall instruct the United States Executive Director of each international financial institution— to support the United States policy goal of advancing the cause of ending modern slavery and human trafficking, including by seeking to channel assistance toward countries other than countries whose governments— do not fully comply with the minimum standards set forth in section 108(a) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7106(a) ); and are not making significant efforts to comply with such standards; to use the voice and vote of the United States to oppose any loan, project, agreement, memorandum, instrument, plan, or other program involving a country that is described in paragraph (1)(C) or (2)(A)(iii) of section 110(b) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7107(b) ) (commonly known as Tier 3 Countries and Tier 2 Watch List Countries , respectively) if the loan, project, agreement, memorandum, instrument, plan, or other program does not actively promote and work to achieve the minimum standards set forth in section 108(a) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7106(a) ); to encourage other nations to adopt policies that are consistent with subparagraph (B); and to initiate discussions with the other executive directors of the respective international financial institution proposing that each such institution develop anti-human trafficking provisions in its project safeguards and procurement policies, taking into consideration the minimum standards set forth in section 108(a) of the Trafficking Victims Protection Act of 2000 ( 22 U.S.C. 7106(a) ) and the Abolition of Forced Labour Convention, 1957, which was adopted by the International Labour Organisation in Geneva on June 25, 1957.
Not later than July 1 of each year, the Secretary of the Treasury shall submit an annual report to the Chairman and Ranking Member of the Committee on Foreign Relations of the Senate and the Chairman and Ranking Member of the Committee on Foreign Affairs of the House of Representatives that describes all loans to Tier 3 Countries and Tier 2 Watch List Countries that were considered by the Board of Executive Directors of each international financial institution during the preceding 12-month reporting period.
Each report required under paragraph
(1)shall— include a list of all loans considered by the Board of Executive Directors of each international financial institution; specify, with respect to each such loan— the institution involved; the date of final action; the borrower; the amount; the project or program; the vote of the United States Government; the reason for United States Government opposition, if any; and the final disposition of the loan; indicate whether the United States has opposed any loan, financial assistance, or technical assistance to a country based upon the prevalence of human trafficking within such country; indicate whether the United States has voted in favor of a loan, financial assistance, or technical assistance to a country with respect to which the United States had, in the preceding 2 years, opposed a loan, financial assistance, or technical assistance based upon a reduction of human trafficking within such country; in cases in which the United States changed its voting position, regarding a loan, financial assistance, or technical assistance to a country, from opposition to support or from support to opposition based upon the response by the government of such country to human trafficking within such country— indicate the policy considerations that were taken into account in the development of the United States voting position; indicate how the United States voted on all other loans, financial assistance, and technical assistance to such country during the preceding 2 years; and describe how the United States voting position relates to the overall United States Government policy on human trafficking in such country; and describe the efforts of each international financial institution to implement anti-human trafficking provisions in its project safeguards and procurement policies. In this section, the term international financial institution includes— the International Bank for Reconstruction and Development; the European Bank for Reconstruction and Development; the International Development Association; the International Finance Corporation; the Multilateral Investment Guarantee Agency; the Inter-American Development Bank; the Inter-American Investment Corporation; the Asian Development Bank; the African Development Bank; and the African Development Fund.
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Sec. 5
United States opposition to any action by certain international financial institutions that does not require the recipient government to work to eliminate human trafficking
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